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're less than a month away from massive layoffs and cuts in spending at the pentagon and elsewhere. nancy cordes is on capitol hill. >> reporter: good morning. they call this the sequester and both signs long predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it they resorted to the blame game a month before the deadline. republicans may be the party of spending cuts but on monday house speaker john boehner insisted the looming sequester was the president's idea. >> the president first proposed this sequester in 2011 and insisted that it be part of the debt limit agreement. >> reporter: unless congress acts the package of cuts worth $1.2 trillion will start to kick in march 1st, taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office more than 1 million jobs are at risk. defense secretary leon panetta had this warning. >> we are going to weaken the united states and make it much more difficult t
agency in washington. the pentagon could see roughly half of those reductions and that has republicans upset. >> we're going to begin to unravel the finest military in the history of the world at a time we need it most. >> reporter: mandatory cuts in domestic spending could also hit americans hard. there could be furloughs of food safety employees leading to a shortage of meat poultry, and eggs, and pushing up food prices. 50,000 tsa workers could see their hours cut back. that would mean longer security lines for air travelers. and more than 350,000 people who need mental health treatment could be denied. hundreds of thousands of government workers from teachers to federal law enforcement agents are likely to be furloughed. many republicans admit the sequester isn't ideal, but they insist cuts have to be made. >> let me be very clear, and i'd say this to the president as i say it to you -- these spending cuts are going to go through on march 1. >> reporter: the white house warns the cuts would get phased in just as the stock market is bouncing back. >> our hope is
be affected. that means 700,000 of the 800,000 who work for the pentagon. >> on our civilians it will be catastrophic. >> reporter: civilians like sue ann falkenburg a single mom 3,000 miles away in california. i would have to get a part-time job to support my family. >> reporter: falkenburg is worried about the pay cut or furlough. >> i can't exactly call my landlord and say, hey, i got a 20% cut in my salary can you reduce the rent for 20%? >> reporter: it's not just the pentagon. dozens of cuts including the fbi will have to make difficult choices. >> the fbi will have to be in a position to evaluate where the reductions will come from and that may impact the national security arena. >> reporter: the democrats' congressional campaign committee also goes on the offensive today. they will accuse republican of risking 700,000 jobs in order to protect special interest tax loopholes. >>> a total disaster that's what one walmart executive reportedly wrote about a plunge in sales. its it's announcing its report this morning. rebecca jarvis is here this
the board. with the pentagon and other departments already in crisis mode, the white house announced thursday that he had phoned them but wouldn't state more. was it to reach out for a decision or to reach out in order to compromise? >> the president shoek with senator mcconnell and the speaker. i have no content to read out to you. the two republican leaders pointed out this was the first time they reached out in ought mat imcuts in 2012. it will mean $1.2 trillion in across-the-board cuts. thursday president obama argued to friendly radio hosts that they're standing in his way for the wrong reasons. >> their basic view is nothing is important enough to raise taxes on well thi individuals or corporations corporations. and they would prefer to see these kinds of cuts and that's what behinds them at that the point. eric cantor put it this way in a statement. president obama has said that unless he gets a second tax hike, he will forced to let criminals loose on the streets meats at your grocery store won't be inspected and emergency responders won't be able to d
. it has been happening for the last several months. meanwhile at the pentagon officials are looking at big changes in how they fight cyber terror. bob orr is in washington. >> those attacks on the "new york times" and "wall street journal" are part of a plot to crack critical systems inside of the u.s. cyber detectives traced the computer break-ins at "the new york times" and "wall street journal" to government hackers inside china. chinese deny the allegations calling them not professional and groundless but both papers say there is evidence hackers stole reporters' passwords and attempted to monitor coverage of the chinese government. newspapers are just the latest targets. sources say state-sponsored spies mostly from china every day infiltrate a broad spectrum of government and business networks inside the u.s. >> cyber, i believe, represents as big a threat to the security of this country as any one specific threat. >> reporter: at his confirmation hearing thursday secretary of defense nominee chuck hagel warned computer-based attacks could be crippling
pentagon officials are looking at a big change in how they fight tearer. bob orr is in washington. >> those attacks are part of the broader campaign by foreign cyber spies to hack computer systems inside the u.s. officials warn more are inevitable as cyber attacks are ga greater now. to government sponsored hackers inside china. chinese officials denied the allegations calling them not professional and groundless but both papers say there is evidence hackers stole reporters' passwords and attempted to monitor governments of the papers. state-sponsored spies, mostly from china, every day infiltrate a broad spectrum of government and business networks insight the u.s. >> cyber terrorism presents one of the biggest threats. >> secretary of defense nominee chuck hagel warned the attacks could be crippling. >> it's an insidious quiet kind of a threat that we've never quite seen before. it can paralyze a nation in a second. >> for now the damage is economic. cyber spies and criminal hackers are stealing corporate secrets worth an estimated $250 billion a year from u.s. businesses but they worry m
of the headlines from around the globe. the "washington post" says the pentagon is expanding benefits to same-sex couples. the additional benefits include access to basic facilities and groups as well as joint assignments. they do not include health care for same-sex spouses or housing privileges. >>> an apparent revenge killing after a dui crash. a texas man accused of murder accused of shooting and killing a driver while drunk. the alleged shooter killed the two young boys outside the car helping their dad when he was hit. >>> "wall street journal" reports that people receiving discount phone service have not proven they're eligible for the program. last year the government spent more than $2 billion to provide phones to americans with low incomes. >>> "the new york times" says mice may fall short when it comes to being test subjects for human diseases. a new study finds evidence that tests using mice may be totally misleading from major killers including burns and trauma. it could mean billions of dollars have been wasted chasing >>> former vice president dick chne
Search Results 0 to 6 of about 7